Positioning an increase in gross margins and improved consistency of supply
VANCOUVER, BC, July 29, 2021 /CNW/ – Veji Holdings Ltd. (“the Company or “Veji”) is pleased to announce that as of July 15 it has entered into an agreement with United Natural Foods, Inc. (UNFI), the largest publicly traded grocery distributor in the United States and Canada.
Under the terms of the agreement the company expects to greatly improve overall margin based on a tiered discount structure. This agreement will improve reliability and consistency of supply to over 5000 products across 200 categories.
“The customer shopping experience is our number priority. Having a strong relationship with a health and specialty food leader like UNFI allows us to continue rapidly expanding our offering and access a wide variety of brands from across the globe.” said Kory Zelickson, CEO of Veji. “We are committed to making plant-based products more accessible, while also focusing on sustainability, and having the ability to scale with a distributor like UNFI allows us to remain competitive and committed to our customers.”
Veji operates a multi-vendor platform carrying a wide range of brands from across the globe. Veji’s product categories include grocery, supplements, household supplies, wines, and much more. The company plans to expand into new categories such as clothing, furniture, and other sustainable products which align with the shopping habits and lifestyle trends of its customers.
“The Veji platform has been inspired by a commitment to our customers and their values. By providing high-quality, plant-based alternatives that they may not have had access to before, and hope to inspire those who may be interested in incorporating just a little more sustainability into their lifestyles, in an easy way.” said Zelickson. “As a national distributor, UNFI works with thousands of brands helping them deliver broader exposure to their products. We offer the ability for these brands to connect directly with their target consumer.”
About Veji Holdings Ltd.
Headquartered in Kelowna B.C., Veji Holdings Intc. owns and operates a digital marketplace for plant-based and sustainable-living products at ShopVeji.com. The Company is focused on providing its customers with easy access to thousands of vegan and plant-based products in one place. Veji leverages technology integrations like smart lists, reorders features, subscription programs, AI, and is always looking for new and innovative ways to enhance the customer experience.
Information on the Company and its many products can be accessed through the links below. VejiHoldings.com
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Veji Holdings Ltd (the “Company”), including statements relating to the Company’s future performance; data shared for reference of market size, on-boarding of vendors and product categories; and expectations regarding the Company’s rollout plan; and the effect of COVID-19 on the Company’s business. These forward-looking statements generally are identified by words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
SOURCE Veji Holdings Ltd.
For further information: Email: ir@VejiHoldings.com
